Switzerland to refund $300m to Nigeria

The Minister of Foreign Affairs, Geoffrey Onyeama, on Monday, assured Nigerians that negotiations are ongoing with a number of countries on modalities for the repatriation of some of the funds that were stolen and stashed abroad.

The minister stated that the Federal Government is in touch with Switzerland, which he said had repatriated $700m, noting that another $300m that was recovered would soon be repatriated to Nigeria.

Speaking in an interview with journalists in Abuja, Onyeama stated that the FG was in discussion with the United Kingdom, the United States, among other foreign governments on how all looted funds could be recovered.

The minister explained that the goodwill generated by President Muhammadu Buhari’s visits to the US and other countries had helped enormously in getting various countries to cooperate with Nigeria on the fund repatriation issue.